Best Bank Stock Dividend Yields

Jul 22, 2011
J. Webster
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The big bank dividend increase hasn’t come yet. Many investors are waiting. And the question is: how long will they have to wait? The big guns, Wells Fargo, Bank of America, and JP Morgan, have yet to boost their dividends significantly. JP Morgan the one big bank with a decent dividend yield of 2.37%.

For now though, there are some bank stocks with strong dividend yields, one yielding over 6%. Here’s a list of some of the best bank dividend stocks that you can buy and relax a little bit, knowing that at least you’re getting paid to wait while the housing market and mortgage fiasco gets better.

New York Community Bancorp (NYB) – 6.93%

First Niagara Financial (FNFG) – 5.02%

People’s United Financial (PBCT) – 4.74%

Tower Bancorp (TOBC) – 4.10%

Hudson City Bancorp (HCBK) – 3.87%

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